European Financial Services

Christopher J. S. Gentle

Chapter 3 in After Liberalisation, 1996, pp 46-59 from Palgrave Macmillan

Abstract: Abstract Firms of all sizes across the European market face a new challenge in an era after liberalisation. The completion of the single market means that capital and labour, goods and services are moving with greater freedom. As a result, powerful forces are now at work that will dissolve national regulatory barriers that have preserved the structure, concentration and stolidness of European industry. This is particularly true in the financial services industry, where the liberal reforms of the single market process are beginning to drive a change from a set of national self-contained financial systems to a single, interconnected financial market. Consequently, the convergence of financial systems that is at hand, is placing formerly national financial organisations at a strategic crossroads. As the end of the decade draws to a close, the question for all financial service companies is which route to follow?

Keywords: Financial Market; Financial System; Financial Institution; Financial Service; Single Market (search for similar items in EconPapers)
Date: 1996
References: Add references at CitEc
Citations: View citations in EconPapers (21)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-24843-8_3

Ordering information: This item can be ordered from
http://www.palgrave.com/9781349248438

DOI: 10.1007/978-1-349-24843-8_3

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().